Robeco Schweiz AG Has $44.42 Million Stock Position in Teradyne, Inc. $TER

Robeco Schweiz AG reduced its holdings in Teradyne, Inc. (NASDAQ:TER) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 322,714 shares of the company’s stock after selling 4,555 shares during the quarter. Robeco Schweiz AG’s holdings in Teradyne were worth $44,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TER. Integrated Wealth Concepts LLC lifted its holdings in shares of Teradyne by 12.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,136 shares of the company’s stock valued at $342,000 after purchasing an additional 468 shares in the last quarter. Caxton Associates LLP acquired a new position in Teradyne during the first quarter worth $297,000. Focus Partners Wealth raised its holdings in shares of Teradyne by 12.0% in the 1st quarter. Focus Partners Wealth now owns 44,766 shares of the company’s stock valued at $3,698,000 after purchasing an additional 4,780 shares during the period. Acadian Asset Management LLC bought a new stake in Teradyne in the first quarter valued at approximately $2,398,000. Finally, Strs Ohio acquired a new stake in Teradyne during the 1st quarter worth approximately $795,000. 99.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $201.31, for a total transaction of $223,051.48. Following the completion of the transaction, the chief executive officer directly owned 93,409 shares of the company’s stock, valued at $18,804,165.79. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

TER has been the topic of a number of research analyst reports. Industrial Alliance Securities set a $175.00 target price on shares of Teradyne in a research report on Tuesday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $240.00 price objective on shares of Teradyne in a report on Tuesday, December 16th. UBS Group upped their target price on Teradyne from $165.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Evercore ISI lifted their price target on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus set a $225.00 price objective on Teradyne and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.63.

Teradyne Price Performance

Shares of TER stock opened at $229.27 on Wednesday. The firm has a 50-day moving average of $191.75 and a 200-day moving average of $145.14. Teradyne, Inc. has a one year low of $65.77 and a one year high of $230.32. The company has a market cap of $35.91 billion, a P/E ratio of 83.37, a P/E/G ratio of 1.62 and a beta of 1.84.

Teradyne (NASDAQ:TER) last posted its earnings results on Wednesday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.78 by $0.07. Teradyne had a net margin of 15.49% and a return on equity of 18.04%. The firm had revenue of $769.21 million for the quarter, compared to analysts’ expectations of $744.20 million. During the same quarter last year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, November 24th were given a dividend of $0.12 per share. The ex-dividend date was Monday, November 24th. This represents a $0.48 annualized dividend and a yield of 0.2%. Teradyne’s dividend payout ratio is presently 17.45%.

Teradyne Profile

Teradyne, Inc is a global supplier of automatic test equipment and related services principally used to test semiconductors, wireless products and complex electronic systems. Founded in 1960, the company is headquartered in North Reading, Massachusetts, and has a long history of developing capital equipment and software that help semiconductor manufacturers, electronics OEMs and contract manufacturers validate product performance and reliability during design and production.

The company’s product portfolio centers on automatic test equipment (ATE) and system-level test solutions that address chip- and board-level validation, burn-in and reliability screening.